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20130118
20130118
STATION
CNBC 1
LANGUAGE
Search Results 0 to 0 of about 1
CNBC
Jan 17, 2013 7:00pm EST
kids 30 years old. i don't know if you want to blame president obama for that, that's strange, but you can do so. this was a qualitatively different type of recession. he had a housing bubble, it collapsed. that was not the nature of the recession in '74, '75, '81, '82. those were easy to get out of. easy to have strong growth because the fed deliberately raised interest rates to ease the economy. lower interest rates, then you get a big boom in housing. you can't have that when you have the recession brought on by the housing bubble. >> okay. i've been become a spending hawk right now. i'll get to taxes in a minute, but look, all this government spending we are actually paying people not to work. and i think this is so bad for our economy as well as our moral fiber. just some points, food stamps. in the last two years food stamp recipients are gone up 7.2%. and that's a period when the unemployment rate fell. then you can walk through social security disability insurance. you can walk through lengthy unemployment insurance. pell grants have kept -- keep people out of college rather th
Search Results 0 to 0 of about 1